Iranian rial rises against dollar on back of Obama–Rouhani phone call | ASHARQ AL-AWSAT:
"Iran’s turbulent currency market has reacted cautiously but positively to Iranian president Hassan Rouhani’s recent visit to New York and his telephone conversation with his American counterpart, US president Barack Obama.
Domestic media reported a rise in the Iranian rial against the US dollar on the open market only a few hours after news of the historic phone call between Rouhani and Obama was announced.
Reports indicated that the dollar was traded at below 30,000 rials on September 28, the day after Rouhani returned to Tehran, while only a week before that it was trading at 32,000 rials.
For ordinary Iranians, even this modest gain in the value of their currency is a promising sign. For many years, Iranians have thought war over their country’s disputed nuclear program likely, and have not been hopeful that the economic situation will improve."
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